This Is What Whales Are Betting On U.S. Bancorp
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards U.S. Bancorp (NYSE:USB) with significant options activity. 62% of the options activity is bearish, with a focus on a price range of $40.0 to $47.5. Despite this, the stock is currently up by 3.24% at $46.4, and analysts have mixed ratings with a consensus target price of $53.25.
October 11, 2024 | 3:04 pm
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NEGATIVE IMPACT
U.S. Bancorp is experiencing significant bearish options activity, with 62% of the trades being bearish. Despite this, the stock price is currently up by 3.24%. Analysts have mixed ratings, with a consensus target price of $53.25.
The significant bearish options activity suggests a negative sentiment among large investors, which could lead to downward pressure on the stock price. However, the current price increase and mixed analyst ratings indicate some positive sentiment, creating a complex short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100